Swiss digital assets investment company 21Shares is presenting the first Solana ETP on a global scale.
As announced by the company, Coinbase Custody will be the chief custodian of the product. The ETP will also operate on German trading platforms Stuttgart and Dusseldorf.
A few months ago, 21Shares added XLM and ADA ETPs. With SOL, the number of single crypto asset products on the platform became 10.21Shares Chief Executive Officer Hany Rashwan revealed the team intends to present two more crypto-based ETPs in the coming months. Besides, there will be new listings and markets.
At the time of writing, SOL trades at about $32 with a market cap of over $16.2 B. It reached an all-time high of $58 on May 14. The number of dapps built on the Solana network has been growing. Lately, Digital Assets AG focused on stocks tokenization, announced releasing stocks on the blockchain.